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As simple as possible: 00 level trading

  • #23,201
  • Nov 28, 2014 2:56am Nov 28, 2014 2:56am
Quoting flx69
{quote} Iwan, Give me a couple of hours, I will send you one where you can shift the hours. Check your PM this afternoon. flx69
Thanks, flx69, I have been slowly converting all my indicators to allow for the shift hours, but if you have one, Great! I'll fix mine later.
  • #23,202
  • Nov 28, 2014 2:59am Nov 28, 2014 2:59am
Quoting ericjschroed
{quote} Thanks, flx69, I have been slowly converting all my indicators to allow for the shift hours, but if you have one, Great! I'll fix mine later.
Eric,

I will send it to you too.

flx69
  • #23,203
  • Nov 28, 2014 3:10am Nov 28, 2014 3:10am
Quoting Udine
Done for the day.. Its almost as if people are looking over my shoulder ... Will have to check my office for hidden camera's Well done guys EU to TP.. Udine {image}
What is your experience with the M15 system when you consider taking a trade like the EU trade on London open?

I observed that Frankfurt open can be the start of a decent trend that can run till the NY session.

Sometimes there is a spice in the opposite direction first.

But London can also immediately reverse the trend from Frankfurt.
  • #23,204
  • Nov 28, 2014 3:14am Nov 28, 2014 3:14am
Quoting piphunt3r
{quote} What is your experience with the M15 system when you consider taking a trade like the EU trade on London open? I observed that Frankfurt open can be the start of a decent trend that can run till the NY session. Sometimes there is a spice in the opposite direction first. But London can also immediately reverse the trend from Frankfurt.

agreed, but the month has been so good, I am willing to go for it..

there is always the risk of a Frankfurt fakey

Udine
Sleep less, live fast, as it aint gonna last
  • #23,205
  • Nov 28, 2014 3:16am Nov 28, 2014 3:16am
Good morning everyone.

Hope we all close the week in the green.

Asmodai
  • #23,206
  • Nov 28, 2014 3:24am Nov 28, 2014 3:24am
My 2 cents.

Its Thanks Giving day and week, so big shots in NY are usually on vacation since yesterday, if not the whole week. So trading (especially scalping) USD pairs is not a very good idea as volatility is likely to shrink.

I couldn't resist the market so i still sit through the London open and such, but I missed the Asian hours JPY moves, so basically no action for the past hours. Despite managing my swing positions.

For new guys, don't press the trade, let the market lead the dance. If you don't see the optimal setup, don't even bother to enter. With stop loss in general twice the PT, you have to be VERY selective.

This is not a simple stupid set and forget method. The rules on page 1 are just a general guidelines. People have to learn to observe price action and market momentum in order to actually make consistent money out of this strategy.
  • #23,207
  • Nov 28, 2014 3:30am Nov 28, 2014 3:30am
EU to SL - 10 at London open. Udine, was it a high risk trade? I thought it was trending down strongly but it licked my target price 1.2430 and reversed to SL.
Those who know don't talk. Those who talk don't know.
  • #23,208
  • Nov 28, 2014 3:36am Nov 28, 2014 3:36am
GJ to TS
Attached Image (click to enlarge)
Click to Enlarge Name: GJ_TS.png Size: 49 KB
Porta itineris dicitur longissima esse
  • #23,209
  • Nov 28, 2014 3:39am Nov 28, 2014 3:39am
Quoting bubincka
GJ to TS {image}
If you trade M15 method it is not valid entry. H1 ASH still red.
  • #23,210
  • Nov 28, 2014 3:40am Nov 28, 2014 3:40am
Quoting bubincka
GJ to TS {image}
Took the same one out by TS. It was so close to TP and just now broke 185.65 lvl
Attached Image
  • #23,211
  • Nov 28, 2014 3:41am Nov 28, 2014 3:41am
Quoting hugecat
EU to SL - 10 at London open. Udine, was it a high risk trade? I thought it was trending down strongly but it licked my target price 1.2430 and reversed to SL.

I have the DS2 @ 1.24262

Udine
Sleep less, live fast, as it aint gonna last
  • #23,212
  • Nov 28, 2014 3:42am Nov 28, 2014 3:42am
Quoting iwan73
{quote} If you trade M15 method it is not valid entry. H1 ASH still red.
There is no H1 rule in 15 min.
Attached Image
  • #23,213
  • Nov 28, 2014 3:45am Nov 28, 2014 3:45am
Quoting Udine
{quote} I have the DS2 @ 1.24262 Udine
Got it. Thanx!
Those who know don't talk. Those who talk don't know.
  • #23,214
  • Nov 28, 2014 3:46am Nov 28, 2014 3:46am
Quoting GoForPip
{quote} There is no H1 rule in 15 min. {image}
Look at Udine's screenshots. HA, ASH M15 and ASH H1 should be in the same colour.
  • #23,215
  • Nov 28, 2014 3:55am Nov 28, 2014 3:55am
Quoting iwan73
{quote} Look at Udine's screenshots. HA, ASH M15 and ASH H1 should be in the same colour.
Udine would you care to comment please.
I am also using MTF H1 ASH as additional confirmation. But also im not sticking to it as "must be"
  • #23,216
  • Nov 28, 2014 4:00am Nov 28, 2014 4:00am
Quoting GoForPip
{quote} Udine would you care to comment please. I am also using MTF H1 ASH as additional confirmation. But also im not sticking to it as "must be"
should you stack the odds in your favor ???

I do..

Udine
Sleep less, live fast, as it aint gonna last
  • #23,217
  • Nov 28, 2014 4:06am Nov 28, 2014 4:06am
May you guys know whats my problem?

Yesterday everything was fine with my WukarNews indi now its not corect.
I made a new template and yes i set the GMT (normally should be ok)

Greetz Michael
Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDM15NEWS.png Size: 71 KB
  • #23,218
  • Nov 28, 2014 4:07am Nov 28, 2014 4:07am
M15 method
Short EU SL.
Attached Image (click to enlarge)
Click to Enlarge Name: 28.11.2014.png Size: 29 KB
  • #23,219
  • Nov 28, 2014 4:08am Nov 28, 2014 4:08am
Quoting iwan73
M15 method Short EU SL. {image}
Red news and daily support @ 1.24350.
  • #23,220
  • Nov 28, 2014 4:08am Nov 28, 2014 4:08am
Quoting iwan73
M15 method Short EU SL. {image}

did you check the news ????

no trading during RED NEWS !!!!!!!

Udine
Sleep less, live fast, as it aint gonna last
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